Impacts of COVID-19 on Country X's Economy - Recommended Structure

Question

Hi all,

Recently I came across this question - prior to developing my structure:
(a) In terms of Economical Impacts, I'll be asking:
“Understand that our client wants to know the economical impacts on Country X. May I know what specific Economical Impacts we're looking into here, say, on Education, on Manufacturing, on Pharmaceutical etc?”

(b) Once we've identified the “targeted segments” for our objective, I'll be evaluating each segment in terms of “Short-term” and “Long-term” impacts

Would this structure seem to be too simple? Appreciate any feedback/comments from the community - thanks!

JJ

Answer 1

Hi there,

This isn't really a framework. It might be a way to approach a case as it evolves, but it's not a classic framework.

Rather, you could break it down into Individuals/Consumers and Industry/Business. Or, you could break it down to services and goods. Or, domestic vs. international/trade.

Multiple ways to do this, but it would depend on the exact prompt and how the clarifying questions unfold (I don't have enough info)

Please read the following to develop your frameworking further:

How to Shift Your Mindset to Ace the Case

Candidate-Led Cases: What to Expect With Example Cases

Answer 2

Hi!

It's a bit difficult to give you feedback at this granularity, but I want to note that it's great that you're starting by clarifying and defining what we mean by ‘impact on the economy’.

Indeed, from there, you could look at it in terms of effects on a timeline, but for a more insightful structure you could also look into the core drivers that influence each of those ‘effects.’

Sharing with you a guide on structuring techniques that you might find helpful:

Expert Guide: Mastering Structuring & Brainstorming

Best,
Cristian

Answer 3

I would do the other way around, i.e., first divide between short term and long term impacts. On the short term breakdown per industry and assess the impact. On the long term look into impact in terms of education, labor force, savings and consumption trends, etc.